Acorah Software Products - Accounts Production 16.5.460 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 SC566768 Mr Kenneth Thoms Mrs Cassie Thoms iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC566768 2024-05-31 SC566768 2025-05-31 SC566768 2024-06-01 2025-05-31 SC566768 frs-core:CurrentFinancialInstruments 2025-05-31 SC566768 frs-core:ComputerEquipment 2025-05-31 SC566768 frs-core:ComputerEquipment 2024-06-01 2025-05-31 SC566768 frs-core:ComputerEquipment 2024-05-31 SC566768 frs-core:NetGoodwill 2025-05-31 SC566768 frs-core:NetGoodwill 2024-06-01 2025-05-31 SC566768 frs-core:NetGoodwill 2024-05-31 SC566768 frs-core:PlantMachinery 2025-05-31 SC566768 frs-core:PlantMachinery 2024-06-01 2025-05-31 SC566768 frs-core:PlantMachinery 2024-05-31 SC566768 frs-core:ShareCapital 2025-05-31 SC566768 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 SC566768 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC566768 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 SC566768 frs-bus:SmallEntities 2024-06-01 2025-05-31 SC566768 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 SC566768 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 SC566768 frs-bus:Director1 2024-06-01 2025-05-31 SC566768 frs-bus:Director2 2024-06-01 2025-05-31 SC566768 frs-countries:Scotland 2024-06-01 2025-05-31 SC566768 2023-05-31 SC566768 2024-05-31 SC566768 2023-06-01 2024-05-31 SC566768 frs-core:CurrentFinancialInstruments 2024-05-31 SC566768 frs-core:ShareCapital 2024-05-31 SC566768 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: SC566768
Neuro Physio Scotland Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC566768
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 43,333 63,333
Tangible Assets 5 9,579 11,535
52,912 74,868
CURRENT ASSETS
Stocks 6 2,400 2,400
Debtors 7 44,193 30,110
Cash at bank and in hand 508,428 431,539
555,021 464,049
Creditors: Amounts Falling Due Within One Year 8 (249,864 ) (264,161 )
NET CURRENT ASSETS (LIABILITIES) 305,157 199,888
TOTAL ASSETS LESS CURRENT LIABILITIES 358,069 274,756
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,395 ) (2,881 )
NET ASSETS 355,674 271,875
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 355,574 271,775
SHAREHOLDERS' FUNDS 355,674 271,875
Page 1
Page 2
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Kenneth Thoms
Director
29/10/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Neuro Physio Scotland Limited is a private company, limited by shares, incorporated in Scotland, registered number SC566768 . The registered office is 76 Dumbarton Road, Clydebank, Glasgow, G81 1UG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Straight line basis
Computer Equipment 33% Straight line basis
Impairment of Fixed Assets
At each reporting period the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment. If any such indication exists the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss - if any.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument. The company holds basic financial instruments which comprise, trade and other debtors, cash and cash equivalents, trade and other creditors and related party loans.
Cash and cash equivalents comprise, cash in hand and deposits held in bank.
Trade and other debtors are initially recognised at the transaction price, including any transaction costs, less any provision for impairment. At the end of each year the company assesses whether there is evidence to indicate that the company will not be able to collect all of the amount due according to the original terms of the financial asset. The amount of any provision, if required, is recognised immediately in the statement of income and retained earnings.
Trade and other creditors are initially measured at the transaction price, including any transactions costs,. Amounts that are payable within one year are measured at the undiscounted amount expected to be payable.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 13)
13 13
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2024 200,000
As at 31 May 2025 200,000
Amortisation
As at 1 June 2024 136,667
Provided during the period 20,000
As at 31 May 2025 156,667
Net Book Value
As at 31 May 2025 43,333
As at 1 June 2024 63,333
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2024 35,476 9,731 45,207
Additions 1,980 2,293 4,273
As at 31 May 2025 37,456 12,024 49,480
...CONTINUED
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Page 5
Depreciation
As at 1 June 2024 26,502 7,170 33,672
Provided during the period 3,778 2,451 6,229
As at 31 May 2025 30,280 9,621 39,901
Net Book Value
As at 31 May 2025 7,176 2,403 9,579
As at 1 June 2024 8,974 2,561 11,535
6. Stocks
2025 2024
£ £
Stock 2,400 2,400
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 35,255 22,199
Other debtors 8,938 7,911
44,193 30,110
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 6,933 8,631
Other creditors 180,088 205,540
Taxation and social security 62,843 49,990
249,864 264,161
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At 31 May 2025 - 'Othercreditors' included balances of £171,315 due to the directors (2024 - £201,233).
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